Procurement Management is a vital part of all asset tracking software aiming to track the complete lifecycle of business assets. Every single event in the life of an asset – from acquisition to retirement – needs to be logged meticulously and in adequate detail. Only then can businesses generate in-depth data from reports, lower long-term costs, and streamline their processes.

Procurement Management is significant as it enables businesses to log what was purchased, keep track of all pricing negotiations, and manage vendors and suppliers all under one system. Continue reading →